“The iPhone is not going away in the decade of the 2020s,” says former Apple CEO John Sculley. “In fact, if you look at the microprocessor technology that Apple has invested in, some people have estimated that by 2030 the iPhone will be a billion times more powerful than the original iPhone that Steve Jobs introduced.”
By 2030 The iPhone Will Be A Billion Times More Powerful
Service is really the biggest part of the story for Apple through this decade. I’ve seen estimates as high for services reaching $50 billion of profits by 2025. I look at it in terms of what are the things that Apple can control? One of them is the terrific technology that they now have with their vertical integration into the iPhone.
The iPhone is not going away in the decade of the 2020s. In fact, if you look at the microprocessor technology that Apple has invested in, some people have estimated that by 2030 the iPhone will be a billion times more powerful than the original iPhone that Steve Jobs introduced.
By 2025 Apple Will Have a $2.5 Trillion Market Cap
Think about what that means for services and the types of things you will be able to do. Think about when 5G is fully deployed around the world. Apple has a great runway ahead of them. It’s the most competent company in the world in terms of its ability to run operations and execute. Many people have said, why isn’t it more innovative? It actually is very innovative in the things that are important in building its ecosystem.
For example, the app library that Apple announced this year. It only makes it easier for people to add more apps and to be able to upgrade apps. That’s the engine of profitability for Apple – in the services, particularly the app store. I’m very bullish on Apple. I think they will hit a $2 trillion market cap before the end of this year. By 2025 we will be talking about will Apple hit $2.5 trillion. This is clearly a company that is in for a long run.